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Dorchester, WI New Home Financing in Wisconsin

Somerset Investors Corp. can find Dorchester, WI residents the perfect loan and start your home purchase off right. With hundreds of loan programs available, we’ll help Dorchester, WI residents match your needs with a loan you’ll love for as long as you own your home. Somerset Investors Corp. can find Dorchester, WI residents the perfect loan and start your home purchase off right. With hundreds of loan programs available, we’ll help you match your needs with a loan you’ll love for as long as you own your home.

Fixed Rate Loans

Several categories of conventional loans exist, the most common and familiar being the fixed rate mortgage. In the cases of fixed rate mortgages, the borrower will lock in an interest rate, and pay down both the principal and interest on the loan at that interest rate every month until the mortgage is paid off. The most typical term of a fixed rate loan is 30 years, though fixed rate mortgages can also be obtained for much shorter terms, the primary difference being in the size of the monthly mortgage payment.

Conforming Loans

Other conventional loans are known as conforming loans. In these cases, an arrangement is made between borrower and lender that comply with the stipulations of two federally run mortgage trading companies (or Government Sponsored Entities - GSEs) Fannie Mae (FNME) and or Freddie Mac (FHLMC).

Fannie Mae and Freddie Mac do not directly approve or deny loans. They buy and sell home mortgages, working with lenders to make home ownership easier for people to attain. Lenders like to sign up borrowers with conforming loan, because they can then sell these loans to Fannie May or Freddie Mac in order to more quickly receive the funds coming to them, and use those funds to make other investments. Fannie Mae and Freddie Mac, in turn, then repackage these loans to sell to investors as securities.

The current guidelines for a conventional Fannie Mae loan set a maximum purchase price for a single-family home at slightly above $415,000 (though residents of Alaska, Hawaii, or Guam may be able to qualify for an even larger loan).

The interest rate as well as the short- and long-term pricing on a conforming loan is determined primarily by the type of loan applied for. Also taken into consideration will be the amount of funds you already have to contribute to closing costs, your credit rating, credit score, and credit history, your employment history, and the type and location of the home in question.

Jumbo Loans

Other forms of conventional loans are nonconforming loan instruments that do not meet Fannie Mae or Freddie Mac loan qualifications, such as jumbo loans, or loans so large they fall outside the Fannie Mae and Freddie Mac loan limits (or purchase limits). Jumbo loans are provided by private investors and as such ordinarily come with much higher interest rates than conforming loans.

FHA Loans

Government entities from a local to a federal level and private entities alike have worked to develop loan programs that make home ownership a reality for many people considered under-qualified for traditional mortgages. These include loans for first-time homebuyers and people with a low-to-moderate income that are insured by the Department of Housing and Urban Development (HUD) via the Federal Housing Administration (FHA).

HUD and the FHA do not make loans directly, rather they insure loans, meaning that the lender still gets paid back even if you default on the home loan. Often, FHA insured loans are available with d

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Dorchester, Wisconsin News
Yesterday in Marshfield

The students were taking part in the school's community service-oriented Pioneer Club.


Yesterday in Marshfield

The light display will be on nightly until mid-January. Harvey and Florence Krings of Milladore celebrated their golden wedding anniversary Nov.


Evelyn L. Steevens

MEDFORD -- Evelyn L. Steevens, 85, died at noon Sunday, Nov. 23, 2008, at Memorial Nursing & Rehab Center, Medford, where she had resided for the past two weeks, most recently under the care of Hope Hospice.


Berdine P. Zimmerman

UNITY -- Berdine P. Zimmerman, 83, of U1994 County Road K, Unity, died Thursday, Nov.


Gerald G. Koontz

DORCHESTER -- Gerald G. Koontz, 78, of Dorchester, died Sunday, Nov. 9, 2008. He was living at home until the time of his death.


Town Chatter: Everest, Stratford grads find writing success

Town Chatter: Everest, Stratford grads find writing success November 6, 2008 Matt Ackermann, a 1990 graduate of D.C. Everest High School, recently published a children's book, "Antoine's Ault Park Adventure," ...


Yesterday in Marshfield: Oct. 31

Honored for their years of service in the Marshfield office of the Wood County Department of Social Services are Don Mark, social worker; Don Fox, social work supervisor; and Joyce Wellhoefer, ES specialist.


Yesterday in Marshfield

Children ages 12 and younger are invited to attend. The Richard Rau family of Dorchester were named Wisconsin's 1998 Dairy Farm Family of the Year at the state banquet in Madison.


Gas prices dip below three dollars

All summer we've been talking about high gas prices, saving on gas and ways to cut back on driving.


Marriage licenses

13. * Darrell D. Weiler and April S. Zugier, both of Dorchester, Oct. 17. * Thomas R. Wilke and Amanda R. Kleinschmidt, both of Loyal, Oct.


Courts

* Terry E. Scherr, 26, of N8106 Cloverdale Road, Greenwood; operating an ATV on a highway, $186 fine; operating an ATV while intoxicated, $438 fine; and for operating an ATV without valid registration, $186 ...


Fire Depts. in Clark County to Honor Fallen Firefighters Wednesday Night

It's Fire Prevention Week, and some local departments are taking the opportunity to honor firefighters lost in the line of duty.


Today's police reports

Two kittens, without tags or collars, were found at 4:14 p.m. Friday in the 400 block of North Chestnut Avenue.


Courts

* Tony L. Rollins, 17, of 3188 Main St.; Granton; underage alcohol violation, $375 fine. * Christopher R. Strey, 18, Greenwood; speeding, $343.50; and no valid driver's license, $148.20 fine. * David J. Thorne, 22, of N13795 Highway D, Owen; speeding, $501 fine. * Amanda M. Jacobson, 26, of 5343 Star Ridge Road, Eau Claire; no contest plea; issuance of worthless checks; fine, costs and restitution totaling $255.22. * Amber M. Boyer, 23, of 2402 N. Peach Ave., Apt. 5, Marshfield; drunken driving; eight-month driver's license revocation, $793 fine and alcohol assessment. * Daniel J. Lieble, 21, Marshfield; drunken driving; one-year driver's license revocation, $803 fine and alcohol assessment. * Chantel R. Hardt, 21, of W222 Hickory Road, Dorchester; four counts of theft; seven days in jail with work release, 24 months probation, $684 fine and $420 in restitution. Three additional counts of theft were dismissed and read into the record. * Christopher D. Cech, 23, of 7190 Highway Y, Marshfield; resisting an officer; $476 fine. * Jordan J. Engevold, 21, of 104 E. Cleveland St., Apt. B, Marshfield; three counts of having sex with a child age 16 or older; 90 days in jail with work release, two years probation, $1,050 fine, undergo any counseling deemed necessary and have no contact with minor females. If he completes his probation, his record will be erased. * Brandon S. Shaw, 19, of 1701 N. Chestnut Ave., Apt. 201, Marshfield; revocation of probation for burglary and three counts of theft; eight months in jail with work release and credit for 134 days served. * Amanda J. Hubbell, 27, of 1009 Laurel St., Apt. 102, Marshfield; neglecting a child, disorderly conduct and possession of marijuana; one year probation, $161 in costs and undergo counseling. A charge of possession of drug paraphernalia was dismissed. * Craig J. DeCaluwe, 24, of 8271 Edward St., Pittsville; drunken driving; five days in jail with work release, 12-month driver's license revocation, $894 fine, attend victim impact panel and alcohol assessment. * Jamie L. Vetrone, 24, of 305 N. Central Ave., Apt. A, Marshfield; identity theft and disorderly conduct; two years probation, $546 fine, and undergo any counseling deemed necessary. Charges of taking and driving a vehicle without consent, theft and felony bail jumping were dismissed. A 30-day jail sentence was stayed. * Luke K. Solinsky, 21, of 240 S. Central Ave., Apt. B, Marshfield; not guilty plea; child abuse-recklessly causing harm; faces a maximum of 3 1/2 years in prison. His next appearance is scheduled for Oct. 24. According to the criminal complaint, in June, Solinsky struck a 2-year-old boy on the buttocks with his hand hard enough to cause bruising. * Daniel J. Konieczny, 44, of 9838 Westby Rd., Marshfield; default judgments; non-registration of auto and displaying unauthorized vehicle registration plates; fines totaling $384.60. * Jesus A. Ramirez, 23, of 1411 S. Locust Ave., no. 105, Marshfield; guilty plea; third offense; operating without a license; fines and costs totaling $350. Divorce * James A. Frankwick and Sara J. Frankwick, both of Marshfield, Sept. 16; woman granted name of Mayer. * Christopher L. Lafernier, 31, of 709 S. Cedar Ave., Marshfield; initial appearance Sept. 11 on two misdemeanor charges of telephone harassment; $1,000 signature bond and pretrial conference set for Oct. 2. Police investigated two phone calls Lafernier was accused of making April 5 to a woman in Marshfield, according to court records. * Joseph O. Hitz, 36, of 4908 Town Hall Road, Athens; initial appearance Sept. 11 on a misdemeanor charge of battery; $1,000 signature bond. Police investigated a report that Hitz was involved in a fight June 21 with another man in the town of Johnson, according to court records.


Health Fair to help fund mammograms

Kathy Schwoch of Dorchester wanted to host a breast cancer fundraising event last year.


Courts

* Victor Marcelino Reyes, 31, 105 Front St., Dorchester; guilty plea; second offense drunken driving; 20 days in jail, fined $953, driver's license was revoked for 14 months, ignition interlock to be placed on his vehicle for 14 months and undergo alcohol assessment. * Donald D. Rosenlof, 44, 110 N. Main St., Granton; no contest; fleeing an officer, fined $476; no contest to operating a vehicle with a blood-alcohol content of .08 or more, third offense; 60 days in jail, ordered to pay a fine and costs of $1,345; driver's license revoked for 14 months; an ignition interlock placed on his vehicle for 14 months and undergo alcohol assessment; also fined $161 for driving after a license revocation. * Shannon M. Scott, 37, 706 Division St., Withee; no contest to disorderly conduct; 60 days in jail; sentence stayed; probation for one year and pay restitution of $4,332.33 and total costs of $835.31; and serve 30 days in jail. He was sentenced to a consecutive 120 days in jail after pleading no contest to a charge of battery. * Tianna M. Ashton, 20, of W3499 Sand Road, Neillsville; default judgments; nonregistration of auto and failure to apply new vehicle title; fines totaling $321.60. * Robert J. Kieffer, 25, of W2231 153 Road, Loyal; default judgment; drunken driving; $667 fine, driver's license revoked six months and alcohol assessment. * Justin R. Peterson, 26, of 210 N. Purdy Ave., Marshfield; default judgment; drunken driving; $730 fine, driver's license revoked seven months and alcohol assessment. * George H. Dammann, 60, of 7846 Bethel Road, Arpin; guilty plea; second offense; operating after revocation; 10 days jail with work-release privileges and fines and costs totaling $350. * Joshua C. Steckbauer, 25, of 109 West Arnold St., Marshfield; no contest plea; operating after revocation; five days jail with work-release privileges and fines and costs totaling $224. * Abigale A. Peterson, 24, of 1206 S. Central Ave., Marshfield; no contest plea; operating after revocation; five days jail with work-release privileges and fines and costs totaling $224.


Marriage Licenses

* Jeffrey J. Fitzmaurice, town of Pine Valley, and Lana R. Weideman, Dorchester, at Neillsville, Sept. 22. * Timothy H. Oberholtzer, town of Beaver, and Kimberly S. Zimmerman, town of Thorp, at town of Thorp, Sept. 27. * Jonathan C. Dierks and Christin M. Bohl, both of Thorp, at Thorp, Oct. 4. * Eric J. Fox and Rebecca M. Dillenbeck, both of Greenwood, at Loyal, Sept. 20. * Dallas M. Wiese and Heather L. Lindgren, both of Abbotsford, at town of Hixon, Oct. 4. * Scott A. Kloth and Jamie S. Hubing, both of Colby, Sept. 20. * Joseph L. Bartz and Jennifer A. Evans, both of the town of Fremont, Oct. 4. * William J. Wohl II and Rachel E. Phillips, both of Marshfield, Sept. 13. * Evan P. Napper and Kimberly S. Schmitt, both of Marshfield, Sept. 27.


Courts

* Richard E. Gettier Sr., of 3023 North St., Stratford; no contest pleas; failure to support a child, one year in state prison with two additional years of extended supervision stayed, three years probation, 90 days in jail and $347 in costs; disorderly conduct and bail jumping, 90-days in jail stayed, one year probation on each charge to run concurrent, and costs totaling $356. * Melonie R. Dolle, 18, of 115 N. Division St., Loyal; no contest pleas; possession of an illegally obtained prescription, 90-day jail term stayed, one year probation, 31 days in jail and $88 in costs; violation of the state/county institution laws, 10-day jail term stayed, one year probation to run concurrent and $88 in costs. * Eric M. Brusky, 20, of 2513 Draper Road, Dorchester; initial appearance Sept. 4 on three felony charges of sexual assault of a child under the age of 13; $10,000 signature bond and hearing set for Sept. 9 Police investigated a report that Brusky had sexual contact with a child in 1998, according to court records. * Aaron L. Brusky, 24, of 2513 Draper Road, Dorchester; initial appearance Sept. 4 on three felony charges of sexual assault of a child under the age of 13; $10,000 signature bond and hearing set for Sept. 9 Police investigated a report that Brusky had sexual contact with a child in 1998, according to court records. * Kevin J. Riedel, 44, of 301 S. Weber Ave., Stratford; initial appearance on a felony charge of false imprisonment and misdemeanor charges of battery and two counts of disorderly conduct; $5,000 signature bond and hearing set for today. A woman told police that Riedel slapped her several times in the face Aug. 13 during a dispute at a Stratford residence, according to court records.


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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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